Accounting 1- Ch 1 Vocabulary

Operates to earn money for its owners.

• Stock broker

• Stock

• For-profit business

• Non-profit business

An ________ handles a broad range of responsibilities including making business decisions and preparing and interpreting financial reports.

operates to support a cause or an interest

• Thrift market

• For-profit

• Non-profit

• Stock market

A(n) _____ is the review of a company's accounting records to confirm that they follow generally accepted accounting principles.

To become a(n) _____, you must pass a national test and meet specified experience and education standards.

• accounting clerk

• payroll clerk

• certified public accountant

• firefighter

A(n) ____ firm provides accounting services to clients such as individuals or businesses.

• public accounting

• manufacturing

• merchandising

• auditor

A(n) _____ usually performs one or two accounting tasks; entry-level position.

• accounting clerk

• payroll clerk

• auditor

• CPA